North America

CSL Capital forms CSL Ventures

CSL Capital Management LP has formed CSL Ventures, which is focused on early-stage technology-focused opportunities across the energy services industry. The strategy will be part of the firm's newest fund CLS Energy Opportunities Fund III.

Sunstone Management unveils fund to support startups in accelerator program

Long Beach, California-based Sunstone Management, an investment firm, has launched a new fund to support startups participating in the Long Beach Accelerator program. The Long Beach Accelerator program is a partnership between Sunstone Management, the City of Long Beach and California State University Long Beach. The accelerator will prepare early-stage tech startups to secure funding as well as provide resources, including physical space, for participants.

Nudge Rewards raises $12.4 mln in Jump Capital-led financing

Nudge Rewards, a Toronto-based frontline employee engagement app, has raised about $12.4 million (US$9.3 million) in its latest financing, bringing total funding to more than $20 million (US$15 million). The round was led by U.S. late-stage venture capital firm Jump Capital, with participation from existing investors BDC Capital, Brightspark, Generation Ventures and Standup Ventures. Founded in 2012 by CEO Lindsey Goodchild, CTO Dessy Daskalov and CCO Jordan Ekers, Nudge provides mobile solutions to retail, restaurant and hospitality brands to help improve frontline employee engagement and performance. The company will use the funds raised for growth and to add to its data science team.

Biotech startup Cemita Factory amasses funding

Houston-based Cemvita Factory, a biotech startup, has raised an undisclosed amount of funding. The investor was Oxy Low Carbon Ventures.

Commsignia pockets $11 mln

Santa Clara, California-based Commsignia Inc, a V2X company, has raised $11 million in funding. Karma Ventures and the Samsung Catalyst Fund led the round with participation from Partech, Inventure, Credo Ventures and Day One Capital.

Norwest funds activewear brand Vuori

California-based Vuori, an activewear brand, has secured an undisclosed amount of funding. The investor was Norwest Venture Partners.

Klang fetches $22.33 mln Series B

Berlin-based Klang, a game development and entertainment studio, has secured $22.33 million in Series B funding. Novator Partners led the round with participation from other investors that included LEGO Ventures, Northzone, Neoteny, firstminute capital, Makers Fund and New Life Ventures.

VC-backed Stateless recruits Anderson as marketing VP

Boulder, Colorado-based Stateless, which is reinventing network connectivity, has named Michael Anderson as vice president of marketing. Previously, he was the vice president of marketing at Flexential. Stateless is backed by Drive Capital and Speedinvest.

Robotics company Miko grabs $7.5 mln Series A

India-based Miko, a robotics company, has raised $7.5 million in Series A funding. The investors included Chiratae Ventures, YourNest Venture Capital and Bruno Raschle's family office.

Pear Ventures targets $155 mln for third fund

Pear Ventures is seeking to raise $155 million for its third fund, according to an SEC filing. Based in Palo Alto, California, the venture firm helps "founders build category defining companies from the ground up."